Part 10/12:
The foreclosure and handover of the Ritz Carlton building symbolize a critical juncture. Instead of a renaissance, Portland’s downtown is witnessing a slow unraveling—properties are being sold at deep discounts, and key assets are transitioning from active operations to distressed ownership. Experts warn that unless there is a significant policy overhaul—improving public safety, offering meaningful incentives for development, and stabilizing the local economy—the downward trend will persist.